posted on Jul, 25 2012 @ 02:37 PM
Here's how I see the problem, and how I think we can solve it. 1) Lack of financial and monetary education by the majority (the 155 million). Most
people who blame the rich for all the evil in this world have no idea how to manage money, let alone make it work for them, so it's pure ignorance to
say " Let's take (steal) from the rich (financially literate) and give to the poor (financially ignorant)." I guarantee you that within 1 to 2
years max, the rich would have not only all their money back, but more, and the poor would still be poor, simply because of financial education. 2)
Government corruption through lobbyists. As long as lobbying is legal in this country, there will be corruption, simply because just like greedy wall
street bankers, there are greedy politicians who care more about their pocket book than the good of the country and its people, and will therefore be
purchased by money. By doing this, big money has the power to legalize what would otherwise, in some form, be considered illegal or illegitimate. 3)
Inflation. Give everyone the same amount of money, and get ready for a temporary high inflation. 4) Fiat currencies die, sooner or later. The US
dollar became 100% fiat in August 15, 1971 when then president Richard Nixon, with the stroke of a pen, severed the link between the US dollar and
gold. Without that backing, the government literally got the green light to print into oblivion.
1) Repeal the Banking Act of 1913 (the one that established the Federal Reserve Bank), arrest all the governors of the Federal Reserve branches, and
try them under the Patriot Act for financial terrorism. This would send a clear message that the United States is back in business and justice is
being done. The power for issuing money would go back to the congress, where it constitutionally belongs.
2) Financial education in public schools. As part of required learning, how to manage your money, how debt works, how cash flow works, and other
important money management skills would have to become part of the curriculum in all three levels, elementary, middle, and high school.
But this is just my opinion. What do you think we should do to solve this crisis?
More to come...